The sec for the rules they made. When you talk about the decrease of trading in the markets in the last 19 years, you have to take credit for that. We as an exchange have to make sure that we give equal access to all investors in our marketplace. Thats our primary responsibility. Charlie and conclude with Howard Schultz, chairman and c. E. O. Of starbucks. Well, this was an adventure. All of it could only happen in america. People have said that many, many times. I am the quintessential entrepreneurial story growing up on the other side of the tracks and here i am. Its almost hard to believe. I think what it says was i was willing to take some risks, i was willing to put myself out there and i also learned early on success would be best if shared. Charlie mendez, greifeld and schultz when we continue. Theres a saying around here you stand behind what you say. Around here, we dont make excuses, we make commitments. And when you cant live up to them, you own up and make it right. Some pe
Massive increase in regulation. The patriarchs act, the privacy act and sarbanes oxley. We were less regulated, we were not be regulated. Second while theres plenty of greed on wall street working for 40 years there wasnt a sudden plague of greek swept out of the norm on wall street. No, there was nothing new, nothing different. That isnt what caused the financial crisis. In my book i talk about six themes. The financial crisis of the government policy. We dont live in a free market in the United States, we live in a mixed economy. It varies by industry. Technology which by the way has done very well, the most regulated industry in the world this financialservices. Thats where we had our biggest problem, not surprisingly because thats where we had our biggest problems. Second of the policy created a massive disinvestment. They got focused on the residential realestate market. The global burst as all due. At the large Financial Institutions that calls wall street and made serious mistak
Gain for the Third Straight session yesterday. The s p 500 closing up for the on seventh day in a row and also worth noting today, the new york fed president William Dudley will be speaking in paris a little later this morning. The topic, on the reform of overthe counter derivatives. And the fkk will be meeting at the exchange eggs on the introduction of trading at the nasdaq all the way whack on august 22nd. So its about time we see some of this. Were going preview that with harvey pitt and ron guffner. Thats coming up in the next hour. Joe. Thanks, becky. Something is different about something is different. The pitter patter of little feet. I hear the pitter patter of little feet. Someone was out late at the diblasio victory party. And what a party it was. It was unbelievable . It was a late night. Are you hung . Hung over . A little bit. I thought he was sleeping. Not his it was a long evening. He was on top of the world. We celebrated. My voice is a little you know. From cheering.
And hes that guy. So i dont i mean i just think that america, like everyone else believes or most people belief, is at a crossroads right now. If you go to other countries, especially asia and other stuff, importing all their students to get educated here and exporting all the brain power out right after that, i think its a real problem, you know . But theres nhing i can do about that except try to make great music and great headphones. Next question, please . I really enjoy the conversation you all were having about the Entertainment Industry an the how it relates to the Technology Industry because i come from an industry thats sort of a marriage of both, the video Game Industry. Of. I study at the school of cinematic arts but my specialty is video games. My question, inhe spirit of all that great informati sharing you all obviously do between the music and film stry, where do you think we are . What are the big challenges in trying to work more together than the current state of affa
To make the most of that. There are many people who work on this topic who have helped move forward on the agenda but louise is one of the man deserves a lot of credit. We have been talking with philip auerswald, the coming prosperity, how entrepreneurs are transforming the global economy. His most recent book. Booktv of location at george mason university. Tell us what you think of our programming this weekend. You can freeze us at booktv, comment on our facebook call or send us an email, booktv, nonfiction books every weekend on cspan2. At the end of world war ii we had twelve million men under arms. We have 2,000 flag officers and generals. Today we have 1,000 flag officers and generals and 1. 2 million under arms. The ratio is totally out of whack. We almost have an admiral for every ship in the navy. Not a captain, and admiral. What we have done is go through and look at areas where we could not necessarily save all of the money but we could transfer responsibilities that are not